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View Diary: Pulling Eric out of School (135 comments)

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  •  So why does everyone end up with loans... (1+ / 0-)
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    these days and a mountain of debt?  Because they have made a huge mistake on charting their academic path?

    Cooper Zale Los Angeles

    by leftyparent on Tue Jul 17, 2012 at 07:26:03 AM PDT

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    •  No, not at all. Our system is broken. (0+ / 0-)

      But a growing number of schools with big enough endowments, in recent years, have been raising the income threshold that allow students to get a $50,000/year education for FREE. These limits for free tuition, or modest contributions and zero loans, now extend well into the middle class. (For example, Brown's cut offs are at $60,000 for free tuition and $100,000 for no loans. Which I know first hand from a current family member attending there, despite whatever 'Nance' says he/she found online.) I worry that not enough people know about this unique opportunity. Not enough parents or students even think of applying, and instead limit themselves to what they perceive as 'cheaper' options, such as their local state university, where tuitions are skyrocketing and financial aid is becoming scarcer b/c of state & federal budget cutbacks. Why bankrupt the family and burden a child with loans--or worse, skip college--when there are opportunities (albeit limited) to get massive financial aid?

      There really is a lingering misperception (witness the nasty tone of some commenters--not you!--towards me re: Y__e) that the Ivies are for Teh Evil 1%. Even back in my day, the majority of students were on financial aid.

      I just want people to have less despair, and know about an option that is out there. And give up this silly resentment towards perceived 'elite' schools, many of whom are at least doing something in the midst of this American education nightmare to atone for their past and open their doors (and wallets) to EVERYONE regardless of financial status.

      Ho'oponopono. To make things right; restore harmony; heal.

      by earicicle on Tue Jul 17, 2012 at 11:29:01 AM PDT

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